Billionaire investor and entrepreneur Mark Cuban mentioned Thursday that he is including to one in every of his favourite tech firms because the inventory market continues its dramatic slide on coronavirus considerations.
"I purchased some Twitter in the present day. I am a long-term holder there. I owned shares going into this decline. I do not know what is going on to occur or when, however I believe long-term we'll be okay," Cuban mentioned on CNBC's "Quick Cash Halftime Report."
Shares of the social media firm plunged greater than 14% in Thursday's total market plunge. The inventory hit a brand new 52-week low Thursday.
Analysts overlaying social media shares have expressed concern about how the coronavirus epidemic threatens promoting budgets for firms.
Cuban, who offered an organization that he co-founded to Yahoo on the top of the tech bubble, mentioned he's not positive when the general market will bounce again.
"I am simply as involved and confused and unsure as everybody else. I am a long-term bull when it comes to our nation, and sooner or later the markets...
Supply cnbc.com